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7 Hilary Street, Mount Isa, QLD 4825

DA Approval provides solution to low vacancy rates

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This “Investor Trifecta” has Cashflow, Land, and Location + 5% deposit finance

How do you use Other People's Money to buy a Fully-Managed, Cashflow Machine that has a DA approval and the potential to increase your yield by 2.5 times (while keeping the cashflow AND the capital growth for YOURSELF). How? By reading further! This property has the magic “Investor Trifecta”; Cashflow, Land, and Location! A fully-let, fully-managed, income-producing blocks of units on a large (centrally located) block of land with a DA approval in place (until 17 Sept 2021). It delivers “bankable” cashflow now from the tenants, offers genuine future capital appreciation due to its location, and retains the ability to increase both the rental yield AND the asset base by another 250% through the current zoning laws. Cashflow wise, it's performing very well generating $62,400 in rental income. Being centrally located, the 1725m2 property has a current DA approval (to subdivide the block and strata title the existing units) and enjoys flexible bonus zoning (Commercial/Tourism) giving a buyer/developer incredible freedom to achieve the highest and best use of the site. Under the current zoning laws, the newly created block has the capacity/ability to build an additional 10 units; which delivers untapped future profit to be realised. Alternatively, current zoning may allow a childcare centre, medical centre, hotel or other commercial purpose. The property is strategically located in an area that can afford above normal rents in the down cycle of the market, and can achieve exceptional (if not outstanding) rental returns in the boom and plateau stages of the property cycle. In total, the portfolio consists of: A Four-Pack Unit Block in one line (i.e. one title currently) o 4 x 2 BR units o 8 bedrooms in total o 4 Bathrooms o Fully renovated in 2013 o 1725 m2 block  Approved DA to subdivide (800 m2 + 924m2) & strata title  DA approval valid until 17 July 2019 o Ability to build 10 additional units (STCA) o Commercial/ Tourism zoning offers significant development potential. o $62,400 pa Income (current) The properties are well located in one of Australia's most important regional hubs that drives the national economy. The properties are popular and sort after by local tenants. It's very rare that an entire portfolio of high-quality, fully-leased, fully-managed positive cashflow properties becomes available. Rarer still is the ability to BUY an entire portfolio NOW and PAY off the deposit LATER! Essentially Housing Heroes can help you with “Top-Up” deposit funding for up to 5% of the purchase price (under our trademarked Deposit Layby program) which you can pay off AFTER settlement (over the next 15 years). Considering the Deposit Layby program compounds the “cash-on-cash” returns further (using other people's money to buy the property; rather than your own funds), this opportunity is one that should be evaluated closely. For a full Information Memorandum on this “Fully-Managed, Cashflow Machine”, please send an email to CashFlowMachine@housingheroes.com.au We can then send you an electronic copy for your perusal. Alternatively, all Mike Kelly on 0407 007 009.

First listed on 19 January, this property has been on Realty for 112 days. There have been 5 other 8 bedroom house in Mount Isa that have recently been sold. There are currently 83 properties for sale in Mount Isa.

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Bathrooms: 4
Bedrooms: 8
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